Qatar makes splash with hotel spending spree

While many investors are avoiding the recession-hit eurozone, Qatar certainly isn’t one of them. The tiny country is a favorite to acquire a 42 U.K.-based portfolio of Marriott hotels in a deal worth up to approximately $1.1 billion.
The Sunday Times claimed the Qatar Investment Authority is the highest bidder, although its Gulf rival Abu Dhabi also is in contention. QIA is an investment company founded by Qatar in 2005 with the goal of strengthening the country’s economy by diversifying its assets. A decision about the hotels, which used to be owned by Whitbread, will be made in the next few weeks………………………………………..Full Article: Source